"We are pleased that OSRAM Opto Semiconductors has selected Veeco as a partner in their Diamond initiative, a clear indication that Veeco's LED manufacturing solutions are best-in-class at lowering manufacturing costs and driving high levels of productivity," said William J. Miller, Ph.D., President at Veeco. "In addition to industry-leading MOCVD equipment, Veeco's WaferStorm platform provides distinct advantages to the back-end wafer cleaning process. As we move forward with this exclusive multi-year partnership, we plan to support OSRAM's impressive expansion plans with advanced Veeco technology and process expertise."

About OSRAM

OSRAM, based in Munich, is a globally leading lighting manufacturer with a history dating back about 100 years. The product portfolio includes high-tech applications based on semiconductor technology such as infrared or laser lighting. The products are used in highly diverse applications ranging from virtual reality, autonomous driving or mobile phones to smart and connected lighting solutions in buildings and cities. In automotive lighting, the company is the global market and technology leader. Based on continuing operations (excluding Ledvance), OSRAM had around 24,600 employees worldwide at the end of fiscal 2016 (September 30) and generated revenue of almost EUR3.8 billion in that fiscal year. The company is listed on the stock exchanges in Frankfurt and Munich (ISIN: DE000LED4000; WKN: LED400; trading symbol: OSR). Additional information can be found at www.osram.com.

To the extent that this news release discusses expectations or otherwise makes statements about the future, such statements are forward-looking and are subject to a number of risks and uncertainties that could cause actual results to differ materially from the statements made. These factors include the risks discussed in the Business Description and Management's Discussion and Analysis sections of Veeco's Annual Report on Form 10-K for the year ended December 31, 2015 and in our subsequent quarterly reports on Form 10-Q, current reports on Form 8-K and press releases. Veeco does not undertake any obligation to update any forward-looking statements to reflect future events or circumstances after the date of such statements.